Ana, MAULEON; José, SEMPERE-MONERRIS; Vincent, … - Institut de Recherche Économique et Sociale (IRES), … - 2005
We study the endogenous formation of networks between manufacturers of differentiated goods and multi-product retailers … manufacturer and a retailer. We find that only three distribution networks are stable for particular values of the degree of … the distribution networks that maximize social welfare are not necessarily stable. Thus, a conflict between stability and …